Unemployment Persistence, Central Bank Independence and Inflation Performance in the OECD Countries PDF Download
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Author: Enrique Alberola Ila
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 44
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Book Description
Finds that there is a strong correlation between persistent unemployment and central bank independence.
Author: Enrique Alberola Ila
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 44
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Book Description
Finds that there is a strong correlation between persistent unemployment and central bank independence.
Author: Dmitry Kulyushin
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 90
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Book Description
Author: Alain Borghijs
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Book Description
Author: Alain Borghijs
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Yuan K. Chou
Publisher:
ISBN: 9780734017116
Category : Banks and banking, Central
Languages : en
Pages : 60
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Book Description
Author: Gunnar Jonsson
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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Book Description
Author: Sylvester C. W. Eijffinger
Publisher: International Finance Section Department of Econ Ton Univers
ISBN:
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
Author: Christina D. Romer
Publisher: University of Chicago Press
ISBN: 0226724832
Category : Business & Economics
Languages : en
Pages : 434
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Book Description
While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.
Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
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Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author: Charles Freedman
Publisher: International Monetary Fund
ISBN: 145187233X
Category : Business & Economics
Languages : en
Pages : 27
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Book Description
This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works.
